New products and new services offered by any company demand an overall marketing strategy to ensure the utmost success. A company's marketing plan should not stop there, however. The next step companies should take towards completing their marketing plan is to plan the details of the marketing mix. The marketing mix, or the 4 P's of marketing, are "the variables that marketing managers can control in order to best satisfy customers in the target market" (QuickMBA, n.d.). The marketing mix is a critical step in any company's overall marketing strategy; it can create a perceived value and generate a positive response in the target market if the company utilizes the mix appropriately for the market. The information that follows describes the elements of the marketing mix and demonstrates how the elements impact development of an organization's marketing strategy and tactics by utilizing CIGNA HealthCare as an example.

The Marketing MixProduct, price, place, promotionÃ¢ÂÂ¦these are the 4 P's, otherwise known as the marketing mix.

Deutsch: Klassischer Marketing-Mix Franzika eines ...

English: Representation of a Marketing-Mix with th...

The 4 P's for a good Politiv of Marketing-Mix

A marketing manager's goal should be to make decisions regarding the marketing mix that revolve around the customer. As noted previously, if the appropriate decisions are made concerning the marketing mix, then the company will create a perceived value in the marketplace, creating a demand for its products and services. When consumers believe that one company's product is the best on the market, that company utilized its tools and resources to create the best possible marketing mix and generated a positive response in the target market. The marketing mix should be consistently reviewed and revised to meet the changing needs of the consumers. If a company becomes complacent and doesn't review its marketing mix for revisions needed, other companies will surpass it in the future and the demand will shift. It is critical for marketing managers to...

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... the marketing mix of two specific segmentations that be emphasized by IKEA's marketing strategy. 1.2Scope This report is talking about two market segmentations of IKEA and its current promotional strategy to those different target segments. In examine the ...

... The marketing mix of any company or organization is a very integral part of the marketing strategy. The variables of the marketing mix can be controlled by the marketing manager and this allows the company to satisfy the customers of the target market. The blending of the marketing ...

6 pages681Mar/20074.0

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